Twelve leading universities have joined forces to create an impact investment fund, Impact 12 (www.impact12.com), to support mission-led university ventures.
Launches & Fundraising
LGT Capital Partners has held the final close of Crown Secondaries Special Opportunities II (CSSO II), its second dedicated direct secondaries fund, with total subscriptions of USD1.57 billion.
Golding Capital Partners has has held first close of its co-investment fund, Golding Buyout Co-Investment 2020, with capital commitments of EUR161 million.
GI Partners has closed the GI Partners Fund VI, with USD3.9 billion in total commitments. The oversubscribed fund includes a broad group of global investors and surpassed its target of USD3.25 billion, as well as exceeded its prior Fund V raise of USD2.8 billion in 2017.
FSN Capital Partners (FSN) has held the final closing of FSN Capital VI (Fund VI) at EUR1.8 billion. The fund was oversubscribed and closed above its original hard cap.
By A Paris – Despite any headwinds caused by the pandemic, the private equity industry has remained strong, with investor demand and planned allocations continuing to grow. However, with high levels of dry powder and increasing regulator scrutiny, startup private equity funds have much to contend with.
Last week London-based Balderton Capital, which is now actively deploying over USD1 billion in some of Europe’s most prolific breakout companies, announced the launch of a new tech growth fund – their largest in Europe to date. PEW caught up with partner Rana Yared who will manage the fund together with Balderton’s managing partner Bernard Liautaud and general partner David Thévenon.
HQ Capital has held the final closing of its co-investment program Auda Co-Investment Fund II (ACF II), with USD210 million of commitments, surpassing its original target of USD150 million.
Bertram Capital (Bertram) has closed the Bertram Growth Capital IV, & Bertram Growth Capital IV-A (collectivelyBGC IV), with USD940 million of total capital commitments, significantly above its initial hardcap of USD800 million and 80 per cent above the predecessor fund.
Princeton Equity Group, a Princeton, NJ and Dallas, TX-based private equity firm focused on control investments in franchisor and multi-unit companies, has held the final closing of its inaugural fund, Princeton Equity Partners I, with more than USD350 million in total commitments, surpassing its initial USD250 million target.